Dow drops nearly 900 points, Nasdaq sheds 4% as stocks slide on recession fears
U.S. stocks ended sharply lower on Monday as investors...
U.S. stocks ended sharply lower on Monday as investors reacted to recession fears and tariff concerns.
President Donald Trump refused to rule out the possibility of a recession in a television interview on Sunday, while Chinese tariffs on U.S. agricultural goods took effect on Monday in response to U.S. tariffs on Chinese imports that were imposed last week.
The Dow Jones Industrial Average lost 890.01 points, or 2.1%, to end at 41,911.71, its lowest closing level since Nov. 4, according to preliminary closing data from FactSet. It logged its largest one-day point and percentage declines since Dec. 18.
The S&P 500 fell 155.64 points, or 2.7%, to close at 5,614.56, its lowest closing value since Sept. 12. It recorded its largest one-day point and percentage declines since Dec. 18.
The Nasdaq Composite declined 727.90 points, or 4%, to close at 17,468.32, its lowest closing level since Sept. 11. The tech-heavy index posted its largest one-day point decline since March 16, 2020, and its largest one-day percentage decline since Sept. 13, 2022.
Losses for U.S. stock futures deepen as investors await opening bell
The gloom was worsening on Wall Street ahead of the opening...
The gloom was worsening on Wall Street ahead of the opening bell, with U.S. stock-index futures slipping to session lows and pointing to a sharply lower open Monday morning.
Remarks by President Donald Trump in a television interview Sunday, in which he refused to rule out the possibility of a recession, were getting the blame for the weakness in equities. They served to amplify fears surrounding the whiplash of Trump's tariff policies, which have seen the U.S. impose heavy tariffs on trading partners and then withdraw or modify a chunk of them while pledging more tariff action in the future.
Tech, regulations address the Permian's methane problem
An analysis by S&P Global Commodity Insights shows...
An analysis by S&P Global Commodity Insights shows that Permian Basin methane emissions dropped by 26% in 2023 as regulations tightened and drillers stepped up adoption of advanced leak-detection technologies. The reduction, amounting to over 34 Bcf, occurred despite higher oil and natural gas production.
That is, unless Congress can pass at least a short-term spending measure—but...
That is, unless Congress can pass at least a short-term spending measure—but even that will be no small feat. On Saturday, House Speaker Mike Johnson revealed a 99-page continuing resolution that would fund the government through September. It proposes a $20 billion cut on IRS enforcement and increases for the Defense Dept. and deportation efforts by the Immigration and Customs Enforcement, among other line items. House Republicans hold a four-seat majority (218–214) and, according to an analysis by ABC, can only afford one defection if all House members show up and vote. President Trump urged House Republicans to vote for the bill on Truth Social; House Minority Leader Hakeem Jeffries said that Democrats will not vote for it.
The mission to bring home two stranded astronauts will begin: Suni...
The mission to bring home two stranded astronauts will begin: Suni Williams and Butch Wilmore, who have been vibing at the International Space Station for so long that they missed the rise and fall of the Talk Tuah podcast, are getting closer to leaving a zero-gravity environment. NASA will launch a SpaceX capsule with their replacements on Wednesday, nine months after Williams and Wilmore left on what was originally a one-week trip. The crews will spend a week together, with the newcomers perhaps regaling the stuck astronauts about Kendrick Lamar’s Super Bowl halftime show, before Williams and Wilmore head home.
Dept. of Homeland Security agents detained a Columbia University student who played a key role in last year’s pro-Palestinian protests on the campus.
Pope Francis remains hospitalized but is showing improvement, according to the Vatican.
The Secret Service shot an armed individual described as suicidal outside the White House following a confrontation yesterday morning. President Trump was not on the premises.
A plane carrying five people crashed into a residential area in Lancaster County, PA. They all survived and were taken to hospitals.
